Fartcoin’s price has risen by 19% in the past 24 hours, trading at $1.82 as of 8:55 PM ET, with trading volume surging by 3,53% to $642 million. Solana’s SOL token surged after $TRUMP, a meme coin associated with President-elect Donald Trump, launched on the popular blockchain network.
My new official Trump meme pack is here! It's time to celebrate everything we stand for: Victory! Join my very special Trump community. Get your $TRUMPNOW now. Visit https://t.co/GX3ZxT5xyq - Have fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The event caused Solana’s emoji coin to surge by more than 64% in the past 24 hours, reaching a market capitalization of $31.4 billion, according to CoinGecko.
The price of FARTCOIN is showing a strong uptrend on the 4-hour chart, trading inside a well-defined ascending channel pattern. Fartcoin price recently touched a high of $1.86482 and is currently trading at $1.82688, reflecting a gain of 5.25% in the last trading session. The structure of higher highs and higher lows within the channel confirms the bullish trend. A breakout above the 50-day simple moving average (SMA) of $1.11563 and the 200-day SMA of $1.04702 marked the start of the current uptrend. These moving averages are now providing dynamic support, helping the price to continue its upward move. The ascending channel suggests that further gains are possible as long as the price of FARTCOIN respects the lower border of the channel.
Meanwhile, the Relative Strength Index (RSI) is at 68.11, approaching the overbought territory (70+). While this indicates strong bullish momentum, it also hints at a possible short-term pullback or consolidation. The performance of the RSI near overbought levels can be sustained in a strong uptrend, so it is not a sign of immediate weakness yet. Moreover, the Moving Average Convergence Divergence (MACD) line is above the signal line at 0.17 and 0.13, respectively, indicating bullish momentum. The histogram is positive and expanding, showing an increase in buying pressure.
FARTCOIN/USDT chart analysis (Source: Tradingview)
In the short term, the price of Fartcoin is likely to continue respecting the ascending channel. Resistance is expected near the upper border of the channel, currently around $1.90-2.00. A breakout above this level could pave the way for further gains with the next key psychological level at $2.50. On the downside, the lower border of the ascending channel near $1.70 acts as an immediate support. Below this, the 50-day SMA at $1.11 provides strong secondary support to the Fartcoin price.
As FARTCOIN soars, investors are also buying into a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, who currently has more than 135,000 subscribers, said the token could surge 100 times after its launch.
Wall Street Pepe is on track to become the top emoji presale of the year, having raised $52.1 million in less than six weeks. The project combines humor with real-world usefulness, transforming the iconic Pepe the Frog emoji into a suit-and-sunglasses-wearing Wall Street professional who dispenses cutting-edge investing advice to his legion of WEPE followers.
Wall Street Pepe trading platform provides retail traders with the same exclusive insights as large crypto players (known as whales). This private trading group has access to market signals, tips, strategies and more.
What's the hottest trend this season? Wepe backpacks. ⚔️pic.twitter.com/TB9WmFnrjw
— Wall Street Pepe (@WEPEToken) January 11, 2025
WEPE abhors whale investors who trade in secret internal groups and aims to level the playing field for small investors. Wall Street Pepe also offers a staking platform with an annual yield of up to 25%. You can buy WEPE tokens at the official website for $0.0003665 using ETH, USDT or a bank card. Buy before the presale ends in less than 28 days.
Buy WEPE tokens here.
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